Independents opened three times more stores than chain stores in 2012 - News

Search News

Results: 1-10 of 118

Cytech arrives in Canada

26 Oct 2016

First Cytech course to be run in Canada
Read more…

Inventors develop vomit-inducing lock to deter thieves

24 Oct 2016

Lock filled with vomit-inducing chemical

Read more…

It's the best investment you'll never see!

21 Oct 2016

Introducing the first dedicated company in the UK providing bespoke installation of high quality Premium Paint Protective Film for bikes.
Read more…

APPCG ‘Near Miss Project' findings

19 Oct 2016

Cycling Near Misses: why they matter and how we can stop them
Read more…

Summer of Cycling gets 8,000 youngsters out riding

19 Oct 2016

Getting young people into cycling

Read more…

ACCC to review Australian mandatory helmet standard

11 Oct 2016

ACCC release consultation paper on the review of the bicycle helmet standard.
Read more…

British Cycling announce record female members to mark Women's Sport Week

6 Oct 2016

Women make up one of the fastest growing demographics in cycling

Read more…

Pashley to produce new generation of Boris Bikes

4 Oct 2016

New design rolled out from 2018

Read more…

Thousands of lorries to be banned to protect London cyclists

30 Sep 2016

Lorry ban could come into force by 2020
Read more…

Cycling in London up 5% vs last year

26 Sep 2016

Latest report shows continued growth
Read more…

Back to news menu

Independents opened three times more stores than chain stores in 2012

Posted on in Business News , Cycles News , Creative News, Outdoor News

Independents now account for 69% of all retail and leisure units in Great Britain.

New figures from the Local Data Company (LDC) have shown that independents continued the trend of opening three times more stores than chain stores (15,932 v 5,558) in 2012.

The LDC said the net change for the full year was only just positive as independent-occupied units grew by 594 stores versus an increase of 2,564 in 2011. 2012 was a tale of two halves however, with positive growth in H1 2012 of 852 stores but a decline of 39 stores in H2 2012.

LDC director Matthew Hopkinson said: "This latest analysis of independents is a major wake up call for town centres. The fact that the second half of 2012 saw the first negative change since 2010 is of major concern. From positive growth in 2011 of 2.43% to negative change of -0.03% in the second half of 2012 the implications are significant.

"With over 300,000 independents across Great Britain then a marginal turn for the worse can create a large number of additional vacant units in a very short space of time. With the independent average for town centres having risen to 69% the potential for further dramatic change to our high streets is enormous.

"As with the recent vacancy rates Wales and the North are experiencing the greatest challenges. Comparison goods, your traditional high street shops, are closing at the fastest rate ever with significant decline in the Wales, the North East and the North West. Openings of food shops are helping driving positive change in the convenience sector as consumers perhaps seek solace from the supermarkets in light of rising prices and a decline in trust.

"The big question is whether this latest negative turn for the worse is the start of a downward spiral or merely a blip? The drawdown of the multiple anchors (-2.7% or 1,800 units in 2012) and the rising operating costs for these independents sadly suggests the former as town centres compete as just one of many destination choices for the ever demanding and technologically savvy consumer. The recent declining footfall figures in town centres reflect these changes."

Michael Weedon, deputy chief executive of the British Independent Retailers Association, said: "This is a storm warning. The tempest that broke over the high street in 2008 scuppered so many shops that the occupancy rate sank from 95% to 85% by the end of 2010, with one in seven units empty. It has stayed at roughly that level ever since, but only because a rising tide of new shop launches by independent shops has filled the void left by closures by retail chains going under or cutting back on store numbers.

"This flood of new independents continued through 2012, but net gains in the first half were slower than in 2011 and a net outflow began again in the last six months. With whole fleets of multiples foundering at the outset of 2013 the outlook is for falling occupancy rates once again. Retailers have to deal with the commercial realities, government must be prepared to keep the high street afloat - loading it with more cost in business rates in April would be to throw it a dead weight when what it really needs is a lifeline."

Back to news menu

Add a comment

The ACT will not share your email address with anyone and it will not be published on the website.